The proposed bill, General Assembly Proposed Bill No. 5040, seeks to amend chapter 134 of the general statutes by increasing the income limits for the Connecticut Housing Finance Authority's first-time homebuyer assistance programs. Specifically, the bill proposes to set the income limit at one hundred twelve thousand dollars per person, rather than per household, for individuals employed in health care, emergency services, and teaching professions. This change aims to provide greater support for first-time homebuyers in these critical fields.

The bill reflects a targeted approach to assist individuals in professions that are essential to community well-being, thereby facilitating their ability to purchase homes. By adjusting the income limits to a per-person basis, the legislation intends to make homeownership more accessible for those who may otherwise be excluded due to household income calculations.